Business / Frozen subsidy for top power prices

For roughly 5 months now, the activation of the state support mechanism equipped for within the Transient Disaster and Transition Framework (TCTF) has been on dangle, as whilst it’s been in drive since 19/12/2023, the vital Ministerial Choice has no longer but been issued.

We remind you that it is a resolution of the Eu Fee from March 2023 with the purpose of subsidizing eligible industries as a repayment for the top power prices all the way through the disaster length and it considerations a subsidy quantity calculated in accordance with a mathematical components that takes into consideration the adaptation in the price of electrical energy within the eligible length from 1/4/2023-30/6/2024 with the price of power all the way through the reference length, i.e. 2021, larger by way of 50%, only if positive strict standards also are met.

The Union of Commercial Shoppers of Greece (EBIKEN) refers back to the factor in a letter to the Minister of PEN, noting that there’s a important lengthen within the issuance of the vital Ministerial Choice and inquiring for its acceleration, as all of the approval agenda is driven again: the formation of a unique information registration platform by way of DAPEEP (RES Administrator), this process (till 31/7/2024) but in addition the fee of the subsidy (till 30/9/2024). As discussed, the particular measure has no longer handiest already been applied in maximum Eu international locations, however the corresponding quantities have additionally been allotted.

It’s estimated that the general quantity of support is not going to exceed 40 million, towards 150 million which were authorized, for the few industries that meet the standards, taking into account the affect at the state finances small and the quantities, even supposing small, essential for the industries entitled to them, as they took them into consideration within the promoting costs in their merchandise in 2023.